Personal Finance
it’s always in the fine print!
By Patrick Lim  •  October 17, 2011
from the free tabloid, today: Contractual fine print unfair to consumers Letter from Kee Puay Kiang 04:46 AM Oct 17, 2011 Recently, StarHub increased its cable television subscription rates for existing customers, including those under contract. As a simple consumer, I expected the contract I had signed would be valid for the two-year period without any increase. When I queried StarHub, it informed me that there was a clause in the contract to cover the increase without needing our consent. Many do not read the fine print. In this case, the contract favours StarHub and is unfair to consumers. When we want to change or terminate plans, we must pay a penalty. When companies decide to increase charges or change contractual terms, they have themselves "covered". We cannot even seek early termination without penalty. The S$2 monthly increase seems nominal, but the business practice is unacceptable. Consumers should pay for ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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